Sony forecasts $6.4 billion loss

Sony has announced it anticipates a $6.4b loss for the past year (ending in March 31st), upped from a previously announced forecast of $2.7b.

Those math magicians can work out that's a $3.7b difference in the wrong direction.

The news follows Japanese outlet Nikkei's report that Sony may be about to cut as many as 10,000 jobs to reduce costs.

On top of that, the New York Times reports on a public statement from Sony's chief financial officer Masaru Kato saying that all options were under consideration. Kato blamed Sony's descent on poor television sales and a strong yen, which has caused difficultly for the company's reach abroad.

“We will force through reforms, and there will be no sacred cows. The company management takes these numbers very seriously.”

MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by NewBay Media, which specialises in entertainment, leisure and technology markets.